Vermont Business Magazine Fast Company today announced its annual ranking of the world’s Most Innovative Companies for 2017, honoring leading enterprises and rising newcomers that exemplify the best in nimble business and impactful innovation. Green Mountain Power was named to its Top 10 Most Innovative Companies in Energy list for its groundbreaking work to partner with customers on a new energy future. Green Mountain Power is laser focused on energy transformation, with more reliable, cost-effective and low-carbon energy, by radically transforming the antiquated grid system to one that is more home, business, and community centered and leverages innovations like battery storage. “GMP’s recognition on this prestigious list is richly deserved, as Mary Powell and her team have consistently demonstrated that even a smaller utility can distinguish itself through fearless innovation and relentless focus on enhancing the customer experience,” said David Crane, former CEO of NRG Energy and NRG Yield. “Other utilities, which persist in the old utility model, fighting a rearguard action against progress in the power industry, will be left behind. GMP’s customers need not have that fear.” Most Innovative Companies is one of Fast Company’s most significant and highly anticipated editorial efforts of the year. To produce the 2017 list, Fast Company reporters surveyed thousands of enterprises across the globe to identify the most notable innovations of the year and trace the impact of those initiatives on business, industry, and culture.“If there’s a single thread that runs through this year’s list, it’s the importance of focus. Over the past year, the nation’s political dialogue offered many reasons for uncertainty and pause. Culture will keep moving, and those enterprises that move with it—that attack their missions with fearlessness—will find themselves in the strongest position to weather whatever political or economic disruption comes our way,” said Robert Safian, editor and managing director of Fast Company. Other top companies making the Energy list include: Tesla, GE, and Google.“It’s an honor to be counted among such a distinguished list of businesses that are collectively making the world a better place through ingenuity, grit, and a refusal to settle,” said GMP President and CEO Mary Powell, who in 2016 was also named one of Fast Company’s Most Creative People in Business. “As an energy transformation company, our mission is to continue to offer new products and services that improve customers’ lives, while creating a more sustainable and cost-effective energy system for the long term.”Fast Company’s Most Innovative Companies issue (March 2017) is now available online at www.fastcompany.com/MIC(link is external) as well as in app form via iTunes, and will be available on newsstands beginning February 21. About Green Mountain Power Green Mountain Power Green Mountain Power (GMP) serves approximately 265,000 residential and business customers in Vermont and is partnering with customers to improve lives and transform communities. GMP is focused on a new way of doing business to meet the needs of customers with integrated energy services that help people use less energy and save money, while continuing to generate clean, cost-effective and reliable power in Vermont. GMP is the first utility in the world to get a B Corp certification, meeting rigorous social, environmental, accountability and transparency standards and committing to use business as a force for good. In 2014, Vote Solar named GMP a Solar Champion. More information at: www.greenmountainpower.com(link is external). Connect with GMP on Facebook and follow us on Twitter @GreenMtnPower. ABOUT FAST COMPANYFast Company is the world’s leading progressive business media brand, with a unique editorial focus on innovation in technology, ethical economics, leadership, and design. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, one of the U.S.’s leading media companies.Source: GMP 2.13.2017
As part of the deal, Kuwait headquartered Agility Logistics will provide ocean, air and road transportation services to move KNPC materials worldwide. Agility will also supply KNPC projects with spare parts, pipes and oversized parts. Agility will also deliver procurement and purchasing, Customs clearance, freight forwarding and local transportation for KNPC in Kuwait. According to Tarek Sultan, chairman and managing director, Agility Logistics: “We are able to bring together our oil and gas expertise, heavy lift capability and high-value services, and tailor them to our customer’s needs. Through our global network, we can make all of these services available in locations where KNPC needs us to be.” www.agilitylogistics.com www.knpc.com.kw
Dairy Farmers of America (DFA) and Dean Foods announced an agreement for the farmer-owned cooperative to acquire a substantial portion of Dean’s assets and business for a base purchase price of $425 million. Under the agreement, announced Feb. 17, DFA becomes the “stalking horse bidder” to acquire 44 of Dean’s facilities and associated direct store delivery system, as well as certain corporate and other assets and functions. DFA will also assume various Dean liabilities.advertisementadvertisementAccording to a simple legal definition, a stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company can choose the stalking horse bidder, which sets the low bar for any other bids.What’s next? On March 12, the court is scheduled to consider a motion to allow DFA to serve as the stalking horse bidder. Until the court makes final approval of the DFA offer, and for a designated time after the motion is approved, other companies can submit purchase plans or competing offers.The deadline for interested parties to furnish information to be considered a potential competing bidder for any or all assets identified in the DFA-Dean agreement (see below), or to be considered a potential bidder for assets not part of the agreement (also below), is currently scheduled for March 31.The deadline for potential bidders to submit qualified competing bids for either assets covered under the agreement, or those outside the agreement, is April 13.If there are competing bids, an auction would be held sometime in April. A hearing to approve the sale would be held April 27.advertisementDean fluid milk brands DairyPure and TruMoo (flavored milk) are part of the purchase agreement, as is Steve’s ice cream. In a separate document provided by Dean, the DFA proposal would include Dean’s Mexican subsidiaries and its ownership interest in OV Fresh, a distribution joint venture with organic dairy cooperative Organic Valley.As part of the agreement, Dean committed to pay DFA a $15 million “breakup fee” if Dean ends up accepting a rival proposal.Dean facilities identifiedDean operates 57 plants in 31 states. The 44 facilities and locations included in the DFA-Dean asset purchase agreement include:Alabama: Homewood/Birmingham (Ice cream)California: City of Industry (2 plants)Colorado: Englewood and GreeleyFlorida: Deland and OrlandoIdaho: BoiseIllinois: Belvidere, Harvard and RockfordIndiana: Decatur and HuntingtonIowa: Le MarsMassachusetts: Franklin and WilbrahamMichigan: Grand Rapids and MarquetteMontana: Billings and Great FallsNevada: North Las VegasNew Jersey: FlorenceNew Mexico: AlbuquerqueNew York: RensselaerNorth Carolina: High Point and Winston SalemOhio: Springfield and ToledoPennsylvania: Lansdale, Lebanon, Schuylkill Haven and SharpsvilleSouth Carolina: SpartanburgTennessee: Athens and Nashville (2 plants)Texas: Dallas, El Paso, Houston, Lubbock and San AntonioUtah: Salt Lake City and St. GeorgeWisconsin: AshwaubenonDean Foods said it was working to find buyers for plants not covered under the agreement. Those facilities and locations are:Alabama: Homewood/Birmingham (fluid)California: Hayward, CAFlorida: MiamiHawaii: Hilo and HonoluluIllinois: O’FallonKentucky: Louisville (depot)Louisiana: HammondMichigan: Livonia (depot)Minnesota: WoodburyNorth Dakota: BismarckNevada: RenoOhio: Akron (depot) and MariettaOklahoma: TulsaSouth Dakota: Sioux FallsThe two parties have been working to reach an agreement since DFA became aware of Dean’s plan to initiate voluntary Chapter 11 reorganization proceedings. Dallas-based Dean announced the filing on Nov. 12, 2019, in the U.S. District and Bankruptcy Court in the Southern District of Texas.Read: Dean Foods files Chapter 11 bankruptcy, negotiating with DFAadvertisement“As Dean is the largest dairy processor in the country and a significant customer of DFA, it is important to ensure continued secure markets for our members’ milk and minimal disruption to the U.S. dairy industry,” said Rick Smith, president and CEO. “As a family farmer-owned and governed cooperative, no one has a greater interest in preserving and expanding milk markets than DFA. We are pleased that we have come to an agreement on a deal that we believe is fair for both parties.”“We have had a relationship with DFA over the past 20 years, and we are confident in their ability to succeed in the current market and serve our customers with the same commitment to quality and service they have come to expect,” said Eric Beringause, Dean Foods president and CEO.Once the sale order is entered and closing conditions are satisfied, including Department of Justice (DOJ) approval, the transaction would be closed.In late January, Monica Massey, DFA’s executive vice president and chief of staff, said the co-op was already in conversation with DOJ investigators regarding the Dean purchase.“We will fully cooperate with DOJ officials, as we have done with past transactions,” she said.Dean estimated the process could take three to six months. In the meantime, Dean and DFA will remain separate, standalone organizations, and Dean will continue day-to-day operations as usual under existing contracts.Read: Dean Foods receives court approval for $850 million in financingCurrent milk suppliers would not have to become DFA members, a Dean document said.For additional information, visit Dean Foods’ restructuring website.Court filings and claims information are also available on a website administered by Epiq Corporate Restructuring. Dave NatzkeEditorProgressive DairyEmail Dave [email protected]
CHARLOTTE, N.C. (AP) — No. 13 Georgia meets No. 20 Louisville on Dec. 30 in a Belk Bowl matchup that matches Cardinals defensive coordinator Todd Grantham against his former team.Grantham was Georgia’s defensive coordinator from 2010-13 before taking over the same position at Louisville this season.Both teams have withstood injuries to key players.Georgia (9-3) lost running back Todd Gurley to a torn anterior cruciate ligament after he returned from a four-game suspension. Louisville (9-3) lost starting quarterback Will Gardner to a knee injury last month, and receiver DeVante Parker missed the first seven games of the season with a foot injury.Georgia is 13th and Louisville is 21st in the College Football Playoff standings that were released Sunday. The Cardinals closed the regular season on a three-game winning streak.<!–iframe–>
The L.V. Rogers Bombers won for the second time in as many games on the West Kootenay High School Basketball League circuit Thursday, stopping the J. Lloyd Crowe Hawks 71-53 in Trail.Missing some key players off the roster due to injury — including Josh Matosevic to a concussion and Kai Shave — the Bombers hopped on the back of Grade 10 forward Vinnie Watson.The power forward led all scorers with 36 points while pulling down 17 rebounds to led the LVR offence. The game was close for 20 minutes as LVR held period leads of 13-6 and 25-22 at the half.But LVR broke open the close game with a 22-point third period to lead 47-35.Darian Johnson had 10 points for LVR while point guard Robby Dixon added eight.Other scorers included Eamon Studer with seven points, Stryder Scott and Brock Dixon each with four points and Jake Anderson had a bucket.Next up for the Bombers is the annual Blair D’Andrea Boxing Day tournament at the LVR Hangar.Bomber grads from past years form teams to play in the annual one-day affair.
Logan Wullum, also with the man advantage, and Nelson Minor Hockey grad Kaleb Comishin padded the lead with second period goals.Nelson finished the game out shooting the Eagles 38-25.Caiden Kreitz earned his second win of the season blocking 24 of 25 shots.Lavoie earns firefighter of the game honourVancouver native Mitch Lavoie captured firefighter of the game accolades following Saturday win over Sicamous.“Mitch always wears his work boots to the rink and tonight was no exception. He was solid in his own end and was able to contribute offensively by generating several scoring chances,” the Leafs Twitter account said.The firefighter helmet was donated by Nelson Fire Rescue at the start of last season and is presented to the squad’s hardest working player following each KIJHL game.Humboldt StrongFriday, prior to the North Okanagan-Nelson game, Leafs management held an on-ice tribute to the Humboldt Broncos hockey team.The Broncos were heading to Nipawin, Saskatchewan, in April for a Saskatchewan Junior Hockey League playoff game when the bus the players and coaches were riding on was T-boned by a tractor-trailer. The crash killed 16 people and injured 13 more.After Leafs Head Coach Mario DiBella read the tribute, former Humboldt Broncos player, Ashton McLeod joined captains Jack Karran, of Nelson, and Jaden Hay for the ceremonial puck drop at center ice.Next up a return Murdoch Division ActionAfter seeing two teams from the Okanagan/Shuswap Conference during Week One of the KI season, Nelson hosts a pair of Murdoch rivals this coming weekend.Friday, Grand Forks Border Bruins visit the NDCC Arena. Nelson eliminated the Bruins during last year’s playoffs in seven games.Grand Forks blasted Princeton Posse 8-1 at home Friday before dropping a tough 3-2 decision to Columbia Valley Rockies of the Eddie Mountain Division.A goal by Ryan Skytt early in the third period proved to be the difference for the visiting Rockies.Beaver Valley played just once last weekend, defeating Fernie Ghostriders 7-2 Saturday in Fruitvale. After Week One of the Kootenay International Junior Hockey League, the Nelson Leafs occupy the same spot as team did when the last season concluded — on top of the Murdoch Division.Nelson posted a pair of 4-1 decisions over teams from the Okanagan/Shuswap Conference.Ryan Piva scored twice on Opening Night as Nelson dumped North Okanagan Knights at the NDCC Arena.Saturday, four different Leafs scored lifting the Green and White past Sicamous Eagles.Nelson enjoys a two-point lead over second-place Beaver Valley Nitehawks as KI teams continue to fill out rosters for the upcoming season.Piva powers Opening Night winThe veteran sniper Ryan Piva scored twice sparking the Leafs to a 4-1 victory over the visiting North Okanagan Knights at the NDCC Arena.Piva scored in the first and second periods as Nelson built a 3-1 lead after 40 minutes.Leafs captain Jack Karran and David Sanchez added singles. Kalem Hanlon added a pair of assists for Nelson.Ty Toppe scored the only goal for the Knights, outshot by a 49-14 margin including 23-3 in the second period.Leafs clip Eagles for first road victoryNelson scored four unanswered goals — three coming on the power play — to edge Eagles 4-1 Saturday in Sicamous.Justin Hodgson and Leaf captain Jack Karran gave Nelson a 2-1 lead after one period after the Leafs spotted the Eagles the early 1-0 lead. Both goals came on the power play.